Ambuja Cements may get a lift as Adani warrant conversion deadline nears
Tue, Feb 6, 2024 9:10 AM

Ambuja Cements may get a lift as Adani warrant conversion deadline nears

A Flip by Avya Verma
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The deadline for the conversion of Ambuja Cements' warrants into shares by promoter Adani Group is approaching, with an additional ₹15,000 crore payment required. Failure to convert would result in the forfeiture of an initial ₹5,000 crore payment. However, strong performance is expected in the short term due to ongoing infrastructure growth and positive technical indicators.

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